From pv journal India
India put in 518 MW of latest open-access photo voltaic capability within the first three months of 2023, up 68% from the 308 MW put in within the fourth quarter of 2022, in response to Mercom India. Installs fell 37% yr over yr.
Karnataka leads with over 55% of capability additions within the first quarter, adopted by Maharashtra (14%) and Tamil Nadu (8%). As of March 2023, the pipeline for open entry photo voltaic initiatives stands at 6.4 GW, with Andhra Pradesh, Rajasthan, Maharashtra, Karnataka, and Gujarat accounting for over 68% of the pipeline.
The discount in module costs and the relaxed ALMM order led to a discount in venture prices within the first quarter, making PPA costs engaging. This, together with C&I entities assembly the RPO, is driving capability additions.
The cumulative put in photo voltaic open-access capability reached 8.3 GW as of March 31, 2023, with Karnataka main at over 37% and Maharashtra at over 12% of complete installations.
“Regardless of regulatory challenges in lots of states, open entry to photo voltaic demand continues from industries and industrial items that need to scale back their power prices and lock in tariffs for the long run,” stated Priya Sanjay, managing director of Mercom India. “With most state discoms growing retail tariffs and photo voltaic venture prices coming down, we see continued development within the subsequent few quarters.”
The report provides an in depth evaluation of the open entry photo voltaic sector in 17 states, together with open entry charges, retail provide tariffs, and market measurement.
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